(Source: Guernsey Financial Services Commission) Background This is the second consultation paper to be issued by the Commission following a request by the Commerce and Employment Department ("C&E") for the Commission to take appropriate steps to implement the new Guernsey Financial Advice Standards ("GFAS") which are to be effective from 1 January 2015. This paper takes into account the representations received in response to the first consultation paper and the steps set out in the feedback paper issued by the Commission after consideration of those representations. Rationale for change As explained in the consultation paper issued in September 2013, C&E had identified that the...
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